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President Obama granted an interview with CBS News in which he not only mischaracterized basic economic principles, but did so using his usual logical fallacies. After making these basic errors, he went on to question his opponent's ability even to think about the issues Mr. Obama had just shown himself unable to comprehend.

Mitt Romney has reportedly chosen an Obamacare proponent to lead his transition team. Romney's attempt to soft-pedal the choice of former Bush appointee Mike Leavitt to the important post shows an understanding of how controversial the pick might be.

As we move inexorably closer to the date of the most important presidential election of the 21st century, small government, free market devotees find themselves caught between the proverbial rock and a hard place. Absent a governing record that inspires, what can Mitt Romney do to cement some support from the base beyond being the less unpalatable of the two main choices?Bill Kristol has an idea.

The House GOP budget proposal for the coming decade (2013-2022), released yesterday, is a mixture of boldness and caution, principle and compromise.
Resembling and building on last year's House-passed "Ryan budget," the Path to Prosperity version 2.0 reads very much like a preview of a Romney Administration budget version 1.0.
While not nearly as bold and principled as these debt-drenched times require, it would still be a major improvement over the status quo, and much better than what President Obama and congressional Democrats envision, namely, ever-bigger government.